Oppenheimer Asset Management Inc. Cuts Holdings in Box, Inc. $BOX

Oppenheimer Asset Management Inc. lowered its holdings in Box, Inc. (NYSE:BOX) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,199 shares of the software maker’s stock after selling 2,572 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BOX were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sunriver Management LLC increased its holdings in BOX by 62.9% in the 1st quarter. Sunriver Management LLC now owns 1,546,862 shares of the software maker’s stock worth $47,736,000 after buying an additional 597,410 shares in the last quarter. RGM Capital LLC boosted its holdings in shares of BOX by 9.3% during the 1st quarter. RGM Capital LLC now owns 3,749,773 shares of the software maker’s stock valued at $115,718,000 after acquiring an additional 318,459 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of BOX by 248.8% during the 1st quarter. Edgestream Partners L.P. now owns 294,887 shares of the software maker’s stock valued at $9,100,000 after acquiring an additional 210,350 shares during the last quarter. Voss Capital LP bought a new stake in shares of BOX in the first quarter worth approximately $5,958,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of BOX by 45.5% during the first quarter. Public Sector Pension Investment Board now owns 519,079 shares of the software maker’s stock valued at $16,019,000 after purchasing an additional 162,238 shares during the last quarter. 86.74% of the stock is owned by institutional investors.

BOX Price Performance

NYSE:BOX opened at $31.82 on Friday. Box, Inc. has a one year low of $28.00 and a one year high of $38.80. The business has a fifty day moving average price of $32.57 and a 200-day moving average price of $32.74. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 25.66 and a beta of 0.90.

BOX (NYSE:BOX) last released its earnings results on Tuesday, August 26th. The software maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $294.00 million for the quarter, compared to the consensus estimate of $290.19 million. BOX had a negative return on equity of 21.77% and a net margin of 20.30%.BOX’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. BOX has set its FY 2026 guidance at 1.260-1.28 EPS. Q3 2026 guidance at 0.310-0.32 EPS. On average, equities research analysts expect that Box, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BOX shares. Zacks Research cut shares of BOX from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Citigroup increased their price target on BOX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada lifted their price objective on BOX from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Wednesday, August 27th. Raymond James Financial reiterated an “outperform” rating and set a $42.00 price objective on shares of BOX in a research report on Wednesday, August 27th. Finally, UBS Group cut BOX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $42.00 to $36.00 in a research report on Thursday, September 18th. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Insider Activity at BOX

In related news, Director Jack R. Lazar sold 5,000 shares of the stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $32.20, for a total value of $161,000.00. Following the completion of the sale, the director directly owned 27,855 shares of the company’s stock, valued at approximately $896,931. This represents a 15.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Eli Berkovitch sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $32.77, for a total transaction of $114,695.00. Following the sale, the vice president owned 128,847 shares in the company, valued at approximately $4,222,316.19. The trade was a 2.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,737 shares of company stock worth $3,373,709 in the last quarter. 3.90% of the stock is currently owned by insiders.

BOX Company Profile

Box, Inc engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe.